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Spirulina Market to Reach USD 1.19 Billion by 2030, Growing at a CAGR of 10.6%

Spirulina Market

Spirulina Market

๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at USD 588.93 Million in 2023, and it is expected to reach USD 1192.20 Million by 2030, exhibiting a CAGR of 10.6 % during the forecast period (2024-2030).

๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ is experiencing significant growth due to its increasing popularity as a superfood, driven by rising consumer awareness of its health benefits. Rich in proteins, vitamins, and antioxidants, spirulina is widely used in dietary supplements, food and beverages, and cosmetics. The market is further fueled by the demand for plant-based nutrition and the growing interest in natural, sustainable products. As more people adopt healthier lifestyles, spirulina is becoming a key ingredient in various functional foods and wellness products worldwide.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/29894/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The growth of the ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ is driven by rising consumer demand for plant-based, nutrient-rich products. Spirulina's reputation as a superfood, with its high content of proteins, vitamins, and antioxidants, has increased its popularity in dietary supplements, functional foods, and beverages. Furthermore, the shift toward natural, sustainable, and eco-friendly ingredients, combined with the increasing focus on healthy lifestyles and wellness, continues to propel the market's expansion across various industries, including food, cosmetics, and pharmaceuticals.

๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ is experiencing trends driven by increasing demand for plant-based, sustainable nutrition and the growing consumer preference for natural superfoods. Innovations in product formulations, such as spirulina-infused snacks, beverages, and cosmetics, are expanding its market reach. Moreover, the rising awareness of health benefits, including its high protein and antioxidant content, has fueled demand across various sectors. Additionally, growing adoption in developing countries and increasing research into spirulina's potential health benefits are key factors shaping market growth.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/29894/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ

Vietnam and Thailand

In Vietnam, Vietnam Spirulina has merged with VegaSea Technologies to scale up its spirulina production for both domestic and international markets. Thai Union Group has also announced a strategic acquisition of local spirulina production facilities to enhance their sustainable food portfolio.

Singapore and Japan

Superlife Co. in Singapore recently acquired Hainan Green Food Co. to expand its market presence and improve product offerings. In Japan, Japan Algae Company has partnered with Euglena Co. to enhance spirulina cultivation and meet growing domestic demand.

South Korea and the USA

Seahwa Spirulina in South Korea has increased its market share by acquiring AlgaeTech to expand its bio-based product offerings. In the USA, Herbalife Nutrition has incorporated Spirulina Corporation into its portfolio, boosting its range of wellness products.

European Developments

In Europe, Solgar Inc. has acquired Microalgae Labs to expand its spirulina-based supplement product lines, while Holland & Barrett continues to increase its spirulina-based offerings across Europe.

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ

The ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ is experiencing impressive growth due to its increasing demand as a nutritious, plant-based superfood. Cyanotech Corporation and EID Parry continue to lead innovations in spirulina production. In addition, Algallifoods and Parry Nutraceuticals are expanding their global footprints with improved farming and processing techniques.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/29894/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by Type

ArthrospiraPlatensis
Arthrospira Maxima

by Drug
Formulation Powder
Tablet & Capsule
Liquid
Granule & Gelling Agent

by Application

Food & beverages
Nutraceutical
Animal and Aquaculture Feed
Pharmaceutical
Veterinary
Cosmetic
Others

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. Sensient Technologies Corp.
2. Parry Nutraceuticals Limited
3. GNC Holdings, Inc.
4. Now Health Group Inc.
5. Naturex S.A.
6. Naturalin Bio-Resources Co., Ltd
7. GNT Holding B.V.
8. Fuqing King DnarmsaSpirulina Co., Ltd.
9. FrakenBiochem Co., Ltd.
10. Far East Bio-Tec Co., Ltd.
11. Dongtai City Spirulina Bio-Engineering Co., Ltd.
12. Dhler GmbH
13. DIC Corporation
14. DDW Inc.
15. Cyanotech Corp
16. Chr. Hansen Holding A/S
17. Cabassi & Giuriati SpA
18. Echlorial
19. Givaudan international SA
20. Yunnan Green A Biological Project Co., Ltd
21. Earthrise Nutritionals, Llc
22. Zhejiang Comp Spirulina Co., Ltd.

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-spirulina-market/29894/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

โ€ข Past Market Size and Competitive Landscape
โ€ข Microgrid Control System Market Size, Share, Size & Forecast by different segment
โ€ข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โ€ข Microgrid Control System Market Segmentation - A detailed analysis by Product
โ€ข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โ€ข Competitive landscape - Market Leaders, Market Followers, Regional player
โ€ข Competitive benchmarking of key players by region
โ€ข PESTLE Analysis
โ€ข PORTER's analysis
โ€ข Value chain and supply chain analysis
โ€ข Legal Aspects of business by region
โ€ข Lucrative business opportunities with SWOT analysis
โ€ข Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

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